H World Group Limited has priced an offshore offering of CNY3.35 billion in senior unsecured bonds (debt without collateral or a secured claim) carrying a 2.25% coupon and maturing in 2031. The bonds are being offered outside the United States to non-U.S. persons under Regulation S (an offshore securities-offering exemption) of the United States Securities Act of 1933, as amended. Closing is expected on or about September 16, 2026, subject to customary conditions, and proceeds are intended for general corporate purposes. The bonds have not been registered under U.S. federal or state securities laws and are expected to be listed on The Stock Exchange of Hong Kong Limited. H World operated 13,539 hotels with 1,335,445 rooms across 21 countries as of June 30, 2026, with 93% of rooms managed through its manachise and franchise models. The company cautioned that completion of the offering is not assured and that its forward-looking statements remain subject to business, economic, regulatory and industry risks.